The spot power market at IEX traded over 115 MUs on a daily average basis in April’16, highest ever since the inception of the market in the year 2008.A total of 3,465 MUs were traded this month, an increase of about 13% over 3,078 MUs traded in March. Average daily purchase bids were 6,151 MW while sell bids were 7,164 MW, an increase of about 14% and 5% respectively over the previous month. Thus, the market on an overall basis remained buyer friendly.
Despite rising temperature and high power demand across the country, the average Market Clearing
Price (MCP) in April was Rs 2.91 per unit.
The average Area Clearing Price (ACP) – the price at which settlement takes place, were as below:
ACP in North-East, East and West: Rs 2.69 per unit, 12% increase over March.
ACP in North: Rs 2.92 per unit, 12% increase over March.
ACP in South: Rs 4.16 per unit, 17% increase over March.
On an overall basis, the Exchange lost 10 MUs per day due to congestion, almost 11% more than 9 MUs per day lost in March. The ER->SR and WR->SR interconnections were congested about 77% of the time and ER->NR and WR->NR interconnections were congested 36% of the time during the month. More InformationIEX Power Market May16